Back to TIPS 41 - 50 TIPS 51 - 60 On to TIPS 61 - 70


Hot Tip #51

A letter I wrote for my business got only four sales but one that cost me £300 written by an outside professional got me 60 sales - and I teach this stuff !!! I cannot always see things from my customers point of view but an outsider often can.

Hot Tip #52

Four times more people respond if you have a hand written PS at the bottom of a letter.

Hot Tip #53

Power your sales presentation/adverts/letters Etc. by WIFT not by WIFM WIFT stands for What 's In it For Them WIFM What's In it For Me.

Hot Tip #54

Do not name the business after yourself. This is just an ego trip - mainly men . Name the business after what you do. E.g. If you're a window cleaner name it Windows 95 (just joking)or a plumber, Masterplumb or similar. This helps with your merchandising but it serves two other purposes. It helps separate you from the business and it gives you a negotiating advantage with your suppliers when they don't know you're the boss.

Hot Tip #55

Become an entrepreneur. Entrepreneurs work ON the business not IN the business . Entrepreneurs don't "do work" they build businesses.

Hot Tip #56

Most business people are too busy doing work to earn any serious money. Stop doing work and start building a business.

Hot Tip #57

A mature business is one that works when the owner doesn't have to. They have an organisation chart and operating manuals so each employee gives consistent results.

Hot Tip #58

A Franchise is a bullet proof small business. Build your own prototype Franchise by working ON the business not IN the business.

Hot Tip #59

Keep your business legal. If you have to do something illegal to make money you are NOT running your business right!

Hot Tip #60

In the last recession the Tax man and VAT man closed more businesses than all the banks put together. Their punitive penalties are more than anyone can pay back so don't owe these guys.

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